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Stock impact report

Ohio Dominican University misses bond payment but says it will not close [Yahoo! Finance]

UMB Financial Corporation (UMBF) 
Last umb financial corporation earnings: 4/28 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: umbfinancial.com/investor-relations
Company Research Source: Yahoo! Finance
bond issue, following years of enrollment and financial concerns. But the university said closing is not in the conversation. UMB Bank, the trustee for bondholders, reported the missed payment as part of a March 1 regulatory filing. The notice did not say the bonds were in default. "The trustees of Ohio Dominican University have been working collaboratively over time with its bondholders to address ODU's debt," the university said in a statement. "The conversations are confidential but have been productive and focused on reaching consensus on a mutually agreeable path forward." UMB's notice said the missed March 1 payment "will continue to be due and owing." Sept. 25, 2024; Columbus, Ohio, USA; “Spirit of the Springs” statue and Erskine Hall on the campus of Ohio Dominican University in Columbus. The university said the filing "did not factor in the terms of our ongoing and confidential discussions with the bondholders, which eliminated the requirement to make a March bond p Show less Read more
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